Zencity secures $40 million Series C for community engagement platform for local governments
Zencity secures $40 million Series C for community engagement platform for local governments
The Israeli startup counts 8 of America’s 10 largest cities among its customers and plans to spend the new capital on advancing its artificial intelligence capabilities
Zencity, which develops a community engagement platform for local governments, announced a $40 million Series C investment on Tuesday led by StepStone Group, with participation from existing investors TLV Partners. This brings the total raised by the company to $91 million. According to the company, its latest round saw a “meaningful increase” in valuation from its previous fundraise.
The new capital will be invested in advancing Zencity’s artificial intelligence capabilities, including key hires in engineering and data science, and in enhanced customer service for Zencity’s local government partners on four continents.
Zencity is a government technology company with a platform for community trust, purpose-built for government. More than 300 government agencies use Zencity, from Los Angeles, Chicago, and Harris County, TX, to Greensboro, NC, Ft. Lauderdale, FL, and Colorado Springs, CO.
Zencity also announced on Tuesday the launch of “Zencity AI Assistant” - a tool that aims to drastically reduce the effort and time governments spend gathering and understanding community input.
“Zencity’s mission is to build trust between local governments and the communities that they serve. Our new partnership with StepStone will enable us to set the standard for this important mission through investment in technology, people, and most of all - in our partners,” said Eyal Feder-Levy, CEO of Zencity. “AI-powered capabilities, like the one we’re launching today, put best-in-class technology in the hands of local government leaders that will accelerate that goal, by lowering barriers to seeking community input, and more easily making sense of data we will drive outcomes for the communities that our government partners serve.”
The company recently added New York City, Dallas, LAPD, and the London Metropolitan Police (UK) as customers, as well as its first national government agency, the UK Department for Levelling Up, Housing and Communities. The company today serves cities, counties and agencies in over 40 U.S. states, and covers a global footprint of over 200 million people.
